What are the costs of an Administration?
The Administrator’s fees are divided into two main components. The first component covers the costs incurred prior to the commencement of the Administration, which can be higher if it involves…
Understanding SIP 16 with company administration
The Statement of Insolvency Practice (SIP) 16, which came into effect on 1st November 2015, offers comprehensive guidelines for insolvency practitioners involved in a pre pack administration process. A pre…
How does a company in administration change its name?
Changing the name of a limited company while it is in administration can be a complex process that requires careful consideration and adherence to legal protocols. When a company enters…
Pre Pack Administration – What It Involves And How To Do It
Pre pack administration is a type of insolvency procedure that allows a company to sell its assets before entering into formal administration. This process is typically used when a company…
What happens to creditors in a pre pack administration
When a company undergoes pre-pack administration, creditors may find themselves in a tricky situation. This article explores their rights and potential outcomes. A pre-pack admin is when a company arranges…
How To Exit Company Administration
Exiting from administration is a process that allows a company to return to normal trading after experiencing financial difficulties. There are several options available for a company looking to exit…
What is light touch administration and how does the process work?
Light touch administration refers to the approach of the government and regulatory bodies to regulate certain industries with minimal intervention. This approach is intended to promote innovation and economic growth…
What happens when a company goes into administration
Going into administration means that it is under a process that occurs when a company is facing financial difficulties and can no longer pay its debts. In this situation, the…
Corporate Administration Rules and the Pre Pack Pool
A pre pack pool is a group of impartial experts tasked with examining the circumstances surrounding a “connected party” in a pre pack transaction and compiling viable solutions. The creation…
Pre-packaged sales in company administrations
Pre-pack sales in company administrations have gained significant attention and utilization in recent years. This process involves the pre-arrangement of a sale of a financially distressed company’s assets, typically before…